NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, November 16, 2012

JOHANNESBURG—Carlyle Group LP CG -0.23% has joined the private-equity crowd in Africa.

The buyout specialist on Wednesday is expected to unveil the first investment of its new Sub-Saharan Africa Fund, one of many looking for capital and deals on the continent. Its foray into Africa represents one of the continent’s bigger private-equity investments in recent years. Carlyle is part of a small group of investors that will inject $210 million into Export Trading Group, a Tanzania-based agricultural company that sources commodities from Africa’s small farmers and sells those goods to China, India and elsewhere.